Chinese economy facing deep economic slowdown, environment in the country is difficult, says Ray Dalio

economictimes.indiatimes.com:

Chinese economy has the capacity to bring about long-drawn troubles for the entire world, looking at the amount of exports the nation carries for major countries across the globe. With big recession fears driving the Chinese economy at this point Bridgewater Associates founder Ray Dalio has broadly claimed that things in the country could be on the verge of an economic slowdown, something that has already happened during the pandemic period, and could happen yet again.

Dalio raises concerns around Chinese economy

These Chinese economy is one of the strongest in the world, but is seen faltering at times, and reacting on the basis of recession and inflation fears in the US and UK markets, and with the latest news of the massive Fed rate cut of 50 bps, things could take an interesting turn in China, too. Meanwhile, Dalio has claimed that all is not well around the economic environment in China at this point, and there are some 'real issues' affecting the country's financial conditions, as per a Bloomberg report.

China shows slowing industrial output

China's industrial growth has apparently hit the brakes again, and the last time it did so was in 2021, when the Covid pandemic was at is peak, and national governments came to a halt due to lockdown scenarios across the world. With this sudden economic slowdown, there is a lot of pressure on China's industrial belt to quickly ramp up its fiscal and monetary stimulus, say reports. Moreover, China also needs to meet its target of a 5% growth by the end of the year, and things are not as easy as it seems at this point. The sudden economic slowdown could make it tough for the country to achieve this target, feel many analysts.